It\’s all about resources and commodities see, and the Chinese are buying it all up.
She invests her money in technology and innovation, she adds. \”And my sense is that we\’re not close to any big discovery in any of the categories – land, water, energy and minerals – that has made me not nervous about the coming headwinds.\”
That\’s really rather strange.
For we don\’t actually need any big discoveries. We need just gradual and incremental improvements.
Further, we do actually have big changes on the way. Take just one commodity, iron ore. China is driving the price here. It\’s the steel they need to build the cities. There\’s a whole slew of West African mines on the way to opening up. There\’s actually concern that even if China doesn\’t slow down that the market will become over supplied. In fact, given the low costs in West Africa and the high costs of China\’s own iron ore deposits, the thought is that some of the Chinese mines will close down.
You can go through each and every commodity out there and make much the same case.